AAVE Eyes Uptrend Breakout as Price Tests Critical Support Zone

AAVE is testing its critical support area at $90.61, a level that could confirm a trend shift from downtrend to uptrend if it holds.

Michaël van de Poppe notes that defense of this level would validate the move above moving averages after months of consolidation in crypto market volatility.

The price is currently below its 50-day EMA at $91.51 and 200-day EMA at $91.77, but the MACD has registered a bullish golden cross at -0.34, while the RSI remains neutral at 51.39.

A hold above the lower Bollinger support at $87.57 could drive a quick retest of upper band resistance at $91.68 before continuation.